The amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
<h3>What is compound and simple interest?</h3>
Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.
Here we have the principle is $3000 for 4 years at the rate of interest of 5.2%. Now we will calculate the total amount by simple interest and compounded annually.
By using Simple interest:-

So the total amount will be =3000+624=$3624
By using the Compound interest formula:



The difference between the two amounts will be =3764-3624=$50
Hence amount in simple interest is $3624 and in compound interest is $3674 the difference is of $50. So he should choose Simple interest.
To know more about Compound interest Follow
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Answer:
2
Step-by-step explanation:
5 of 15. is 1/3
1/3 of 6 is equal to 2
Answer:
i dont know mabey some one else knows
Answer:
365 messages
Step-by-step explanation:
x = # text messages)
16.5 = 10 + .10(x - 300)
6.5 = .10x - 30
36.5 = .10x
x = 365
Yep! the plotted points are (2,1) and (0,5) the slope is -2